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Lawrence Stephens helps client OakNorth complete loan worth £10m

Lawrence Stephens has helped valued client OakNorth to complete a 5 year term loan worth £10m. The multi-million pound loan saw Lawrence Stephens secure first ranking legal charges across all the sites. Partner Gregory Palos Read more...

Lawrence Stephens has helped valued client OakNorth to complete a 5 year term loan worth £10m.

The multi-million pound loan saw Lawrence Stephens secure first ranking legal charges across all the sites.

Partner Gregory Palos led a team which acted on the Property aspects of the deal and Partner Steven Bernstein led a team which assisted and advised the bank on the Banking & Finance elements.

Ben Wulwik, Head of Legal & Transaction Management at OakNorth, commented:

“We have built up a great working relationship with the team at Lawrence Stephens – like us, they have a clear focus on speed and efficiency, making sure that the client is kept up to date throughout the process. We have now worked with Steven and Gregory and the team on a number of transactions and look forward to continuing to develop the relationship further in the future.”

Gregory Palos, Partner at Lawrence Stephens, commented:

“It has been an absolute delight to work with members of the OakNorth Team again. Our strong relationship and understanding of OakNorth’s needs allows us to perform at the highest level and deliver over and above expectations.

We see every transaction as a chance to shine and look forward to assisting with future deals!”

OakNorth is Europe’s most valuable fintech with a valuation of $2.8 billion.

If you would like to discuss any of the topics raised in the above article, please call us on +44 (0)20 7936 8888, email on enquiries@lawstep.co.uk or contact a member of the team below.